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Fly News Breaks for February 4, 2020
ACAZF, OSB, MERC
Feb 4, 2020 | 09:57 EDT
Credit Suisse analyst Andrew Kuske downgraded Mercer (MERC) to Neutral from Outperform ahead of the earnings season for the Canadian Forest Products group. He said pulp prices continue to be challenged while trade tensions "at multiple levels" seem to be weighing on the sector. He has decreased estimates across the board for the three forests products stocks he covers, including Mercer, Norbord (OSB) and Acadian Timber (ACAZF), though he noted that he sees the latter as best positioned in the current environment.
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